Statement II: Contraction of demand is the result of increase in the price of the goods concerned.

List – I List – II (a) The producers will offer more of a product at a higher price (i) Market in equilibrium   (b) The quantum that producers want to sell is equal to the quantum that consumers want to buy. (ii) Law of supply   (c) The sensitivity of consumers to price changes. […]

  List – I List – II a. Excess of aggregate investment over aggregate savings, at full employment level   i. Stability of National Income   b. Equality of aggregate income and savings   ii. Recessionary gap   c. Comparatively greater decrease in income following a decrease in investment   iii. Multiplier effect   d. […]

List – I List – II a. Resorting to New Technology i. Cost reduction through output expansion b. Excess Capacity of the Plant ii. Constant cost despite output expansion c. Employees’ Training Centres iii. Internal Economies d. Reserve Capacity of the Plant iv. External Economies

List – I List – II a. Scale of Preferences i. Indifference Curves b. Inadequate Explanation of Giffen Goods ii. Ordinal Utility c. Curves always slope negatively iii. Demand Curves d. Inseparation of Income and Substitution affects iv. Marshallian Utility Analysis

List – I List – II a.Percentage change in quantity demanded to percentage change in price. i. Perfect competition b. Percentage change in demand to percentage change in the price of some other commodity ii. Market demand c. Homogeneous products iii. Price elasticity d.Relationship between quantity of the product demanded and factors that affect the […]

List – I List – II i. Wealth of Nations i. Robert Giffen ii. Income and Substitution effect ii. Paul M. Sweezy c. Kinked Demand Curve iii. Cobb- Douglas d. Production function iv. Adam Smith

List – I List – II a. Percentage change in quantity demanded to percentage change in price.   i. Perfect competition b. Percentage change in demand to percentage change in the price of some other commodity. ii. Market demand c. Homogeneous products   iii. Price elasticity d. Relationship between quantity of the product demanded and […]

                    List – I (Demand Estimation Method)                                            List – II                                        […]